当三线城市一套房的价格只够买上海豪宅的一平米时，这个魔幻现实正在黄浦江畔上演。9月21日，嘉里金陵华庭二期120套房源在227组富豪的争夺下"日 光"，单日吸金98.43亿元。其中一套865平米的复式房源以32.68万元/平米的单价，刷新了上海新房备案价纪录。这不仅是房产交易，更是一场关于阶层、财 富与权力的无声博弈。 金陵华庭二期的开盘数据令人瞠目：套均总价8200万元，顶复户型总价2.83亿元，相当于每分钟成交近700万元。在"金九银十"的传统旺季，上海豪宅市场 迎来集中放量，但32.68万元/平米的单价仍然突破了市场预期。 天价豪宅诞生记：单日百亿销售额背后的市场狂热 值得注意的是，开发商嘉里建设采用高门槛认购制，要求600万元认筹金、首套900万元存款证明，二套更是高达2900万元。这种近乎苛刻的条件反而刺激了 高净值人群的竞争心理，最终认购率高达190%。一位参与选房的匿名人士透露："这不是买房，而是在抢稀缺资源的入场券。" 走进865平复式样板间：顶级配置的视觉冲击 豪宅日光背后的经济信号 金陵华庭并非个案。同期翠湖天地六期108套房源单日售罄，收金119.79亿元；中海领邸·玖序三期实现"三开三 ...

Core Viewpoint - The article discusses the challenges faced by families with multiple properties in the current real estate downturn, highlighting their transition from being perceived as wealthy to experiencing negative asset situations due to falling property values and rising financial burdens [1]. Group 1: Challenges Faced by Multi-Property Families - The liquidity of real estate has significantly decreased, turning once profitable properties into burdens. For instance, a property in Beijing that was initially listed for 6.2 million yuan has seen its price drop to 5 million yuan without any buyers after eight months [4]. - The number of second-hand homes listed for sale has surged to over 2.58 million, a 25% increase from the previous year, with the average transaction time extending from 45 days to 97 days [4]. - Rental markets are also struggling, with properties in prime locations experiencing long vacancy periods despite significant rent reductions. For example, a two-bedroom apartment in Shanghai that used to rent for 12,000 yuan per month is now listed at 8,500 yuan but remains vacant for three months [5]. Group 2: Financial Strain and Debt Issues - Families with multiple properties are facing severe financial strain, with an average debt ratio of 72%. About 37% of these families spend over 60% of their income on mortgage payments, leaving little for daily expenses [6]. - The risk of mortgage defaults is rising, with a 60.7% year-on-year increase in foreclosed properties nationwide. In Shenzhen, cases of mortgage defaults have surged by 230% [6]. Group 3: Wealth Depreciation and Psychological Impact - The depreciation of property values has led to a significant psychological impact on multi-property families, who now feel less affluent compared to those without mortgage burdens. For instance, in January 2025, 64 out of 70 major cities in China saw a decline in housing prices, with Beijing's second-hand home prices dropping by 7.32% [7]. - Families without mortgage obligations are finding themselves in a more comfortable financial position, as illustrated by a couple who invested their down payment into financial products, yielding an annual return of 80,000 yuan while renting a modest apartment [7]. Group 4: Recommendations for Multi-Property Families - Families are advised to assess their property holdings critically and consider selling underperforming assets, even at a loss, to avoid ongoing financial drain. It is recommended that mortgage payments should not exceed 40% of household income [8]. - Staying informed about local policies related to urban renewal and tax incentives can provide opportunities for financial relief. For example, some cities are converting commercial properties into affordable housing, allowing for quicker capital recovery [8]. - A shift in mindset towards prioritizing cash flow over property ownership is essential, as the era of relying on real estate for passive income has ended. Maintaining liquidity and low debt levels is now more crucial than owning multiple properties [8].